The company reported reserves and resources for its Canadian mining operations. The company’s estimates for its conventionalmining operations in Saskatchewan are based on exploration drill hole data, seismic data and actualmining results during the past 38 to 43 years. In Saskatchewan reserves are estimated by identifyingmaterial in place that is delineated on at least two sides and material in place within one mile from an existing sampled mine entry or borehole. The company’s estimates for its conventional mining operations in New Brunswick are based on exploration drill hole data, seismic data and actual mining results during the past 25 years. In NewBrunswick reserves are estimated by identifying material in place delineated by drilling or mining with results projected conservatively from these intersections.
Announced that employees represented by United Steelworkers' (USW) Local 7689 at Allan, USW Local 7458 at Cory and USW Local 189 at Patience Lake, voted to ratify collective agreements tentatively agreed upon on November 7. The three-year agreements are retroactive to May 1, 2008. The collective agreements do
not contain "commodity-based bonuses" or bonuses based on PotashCorp net income.
September 30, 2008
Announced that approximately Cdn $65 million, plus capitalized interest, will be spent on expanding the loadout capacity so that delivery efficiency can be increased, of which Cdn $60 million is expected to be spent in 2008.
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